Siena Closes $122MM in New Facilities During Q3/21

Siena Lending Group closed two deals with a combined value of $110 million to companies in the mobile accessories and media services market in Q3/21. In addition, Siena Healthcare Finance closed a $12 million deal with a pharmaceuticals company during the quarter.  

In firm news, Siena was named one of ABF Journal's Most Innovative Companies in Specialty Finance and won the refinancing of the year award in the under $100 million category in The M&A Advisor's 15th Annual Turnaround Awards.

“Q3 was an exciting time for us here at Siena. We closed an $80 million credit facility for iMedia Brands and increased our own senior credit facility with Wells Fargo Capital Finance to $400 million. These transactions demonstrate our lending capabilities, capital strength and the ability of our seasoned team to consistently deliver results to our clients and shareholders,” Dave Grende, president and CEO of Siena Lending Group, said.

“Our pipeline continues to gain momentum as business returns to a new normal,” Jennifer Sheasgreen, president of Siena Healthcare Finance, said. “We look forward to what the fourth quarter will deliver in terms of financings for new clients. Our team remains committed to being an innovative and flexible lender, delivering competitive solutions for healthcare companies across the U.S.”